Short Interest in Hexagon Composites ASA (OTCMKTS:HXGCF) Drops By 73.3%

Hexagon Composites ASA (OTCMKTS:HXGCF) was the recipient of a significant drop in short interest during the month of December. As of December 31st, there was short interest totalling 4,700 shares, a drop of 73.3% from the December 15th total of 17,600 shares. Based on an average daily volume of 900 shares, the short-interest ratio is currently 5.2 days.

Hexagon Composites ASA Stock Performance

OTCMKTS HXGCF traded down $0.09 on Monday, reaching $3.64. The stock had a trading volume of 4,700 shares, compared to its average volume of 2,400. Hexagon Composites ASA has a 1 year low of $1.41 and a 1 year high of $4.36. The business has a 50 day moving average price of $4.00 and a 200 day moving average price of $3.97.

Hexagon Composites ASA Company Profile

Hexagon Composites ASA, together with its subsidiaries, engages in the manufacture and sale of composite pressure cylinders and fuel systems for alternative fuels worldwide. The company operates through Hexagon Agility, Hexagon Ragasco, and Hexagon Digital Wave segments. The Hexagon Agility segment provides clean fuel solutions for commercial vehicles, passenger vehicles, and gaseous energy transportation; and gas distribution solutions.